Wall Street rises, Dow Jones hits fresh record high

US stock indices rose during Tuesday’s trading, supported by a rebound in the technology sector, as investors awaited the release of jobs data.

This week will see the release of the US January employment report, which had been scheduled for last Friday, in addition to upcoming consumer price data.

According to CME Group’s FedWatch tool, markets are pricing in a 15.8% probability of a 25 basis point rate cut at the Federal Reserve’s next meeting on March 18, down from 18.4% last Friday.

In trading, as of 15:59 GMT, the Dow Jones Industrial Average rose 0.5%, or 250 points, to 50,383. The S&P 500 gained 0.2%, or 13 points, to 6,978, while the Nasdaq Composite advanced 0.1%, or 21 points, to 23,260.